Re: NEM (XEM) Official Thread -100% Original Codebase - Over 70 Active Team Members
Concerning pricing of NEMcredits on Nem AE:
Let's say i borrowed 100000 NCR. I need to buy a certain equipment for realization of my business, my idea in the outside world. What do I do? I put up for sale 100000 NCR on Nem AE. And when from me they aren't bought the whole week, at me in number of them remains already 99000 NCR. Thus, time at me their quantity decreased as each 7 days time of automatic payment of the commission comes to 1%, I am compelled to put the price 1% higher of Nem AE. Thus from week to week the price of NEMcredits of Nem AE will be higher and higher. as will induce people to buy NEMcredits for XEM from people to whom the credit was issued. They on these means will build various new services for NEM.
Here it will work everything so.
Let's say i borrowed 100000 NCR. I need to buy a certain equipment for realization of my business, my idea in the outside world. What do I do? I put up for sale 100000 NCR on Nem AE. And when from me they aren't bought the whole week, at me in number of them remains already 99000 NCR. Thus, time at me their quantity decreased as each 7 days time of automatic payment of the commission comes to 1%, I am compelled to put the price 1% higher of Nem AE. Thus from week to week the price of NEMcredits of Nem AE will be higher and higher. as will induce people to buy NEMcredits for XEM from people to whom the credit was issued. They on these means will build various new services for NEM.
Here it will work everything so.
Overload
You´re right, i´ll rather learn russian first . I would love to join your forum, but thats another nogo, languagewise, sorry.
My head hurts........I cannot make head or tail of it either.
Can you explain it in steps like these:
1. Person A lends money to Person B (interest free)
2. Person B pays every 7 days to Person A 1% back of borrowed money
3. .......
+1
[/quote]
Yes.
1. Person A emits a credit asset. Initially he can determine time (hours) and percent (1%, 2%, etc.).
2. Person A lends money to Person B (interest free).
3. Person B pays automatically every 7 days (168 hours) commission of to Person A of 1% of back of borrowed money.
How it works?
1. Person A issued the credit of 100000 units of Person B, under 1% of the commission each 168 hours (7 days). Interest free.
2. Person B pays automatically every 7 days (168 hours) commission of to Person A of 1% of back of borrowed money.
In this case, Person B will pay 1000 units 168 hours later. Or it is less if it spends these units. From all issued credits of Person A the 1% of the commission returns each 168 hours. Thus all units will be credit and will constantly come back on 1% each 168 hours to the issuer i.e. Person A. Everything, without exception.
It was the example with the commission of 1%. It is also possible to give out under 2% of the commission in each 168 hours. Here twice quicker the issued credit automatically from all issued credits will come back Person A. But also money such will be quicker withdrawn from an economy turn in favor of that who issued the credit i.e. Person A.